Q4 2025 CEVA Inc Earnings Call Transcript
Key Points
- CEVA Inc (CEVA) delivered the highest quarterly revenue in its history for Q4 2025, with a 7% year-over-year increase.
- Licensing revenue increased by 11%, driven by strong execution across all technology pillars and broad demand across multiple end markets.
- The company signed 18 licensing agreements in Q4, including significant deals in AI and connectivity, highlighting the strength of its portfolio.
- CEVA's AI processor licensing represented a meaningful portion of licensing revenue in 2025, indicating strong momentum in AI adoption.
- Record Wi-Fi shipments were achieved, with a 31% year-over-year increase, reflecting robust demand for connectivity solutions.
- Royalty revenue was down 2% for the full year 2025, primarily due to smartphone softness and memory supply shortages impacting unit shipments.
- GAAP net loss for Q4 2025 was $1.1 million, although this was an improvement from the previous year's loss.
- Bluetooth shipments decreased to 303 million units in Q4 2025, down from 343 million units in the same quarter of the previous year.
- Industrial IoT product shipments declined significantly, from 35 million units in Q4 2024 to 19 million units in Q4 2025.
- The strengthening of the euro and Israeli shekel against the US dollar created foreign exchange headwinds, impacting non-US dollar-based expenses.
Good day, and welcome to the CEVA, Inc.'s fourth quarter and year-end 2025 earnings conference call. (Operator Instructions)
Please note this event is being recorded. I would now like to turn the conference over to Richard Kingston, Vice President of Market Intelligence and Investor Relations. Please go ahead.
Thank you, Betty. Good morning, everyone, and welcome to CEVA's fourth quarter and full-year 2025 earnings conference call. Joining me today on the call are Amir Panush, Chief Executive Officer; and Yaniv Arieli, Chief Financial Officer of CEVA.
Before handing over to Amir, I would like to remind everyone that today's discussion contains forward-looking statements that involve risks and uncertainties as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions.
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